CIBC Forecasts Strong Price Appreciation for Transat A.T. (TSE:TRZ) Stock

Transat A.T. (TSE:TRZ) had its target price hoisted by CIBC from C$1.45 to C$1.80 in a report issued on Friday morning,BayStreet.CA reports.

A number of other equities analysts have also commented on TRZ. Desjardins cut their price objective on shares of Transat A.T. from C$3.00 to C$2.00 and set a “hold” rating for the company in a research report on Friday, September 13th. National Bankshares cut their price target on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a report on Friday, September 13th. Scotiabank reduced their price target on shares of Transat A.T. from C$2.25 to C$1.50 and set an “underperform” rating for the company in a research report on Friday, September 13th. Finally, TD Securities increased their price objective on Transat A.T. from C$2.00 to C$2.25 and gave the stock a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Reduce” and a consensus price target of C$1.81.

Transat A.T. Stock Performance

TSE:TRZ opened at C$1.95 on Friday. Transat A.T. has a 52-week low of C$1.68 and a 52-week high of C$4.33. The business’s fifty day moving average is C$1.82 and its 200 day moving average is C$2.07. The company has a debt-to-equity ratio of 16,969.40, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of C$76.38 million, a price-to-earnings ratio of -0.50, a PEG ratio of -0.04 and a beta of 1.50.

Transat A.T. Company Profile

Transat A.T. Inc, together with its subsidiaries, engages in the leisure travel business primarily in Europe and the Caribbean. It offers vacation packages, hotel stays, and air travel services under the Transat and Air Transat brands. The company also offers air transportation services; outgoing tours; and destination services, including hospitality and representation, passenger transfers, excursions, tours, sports, and other activities, as well as specialty services, such as destination weddings, teambuilding, etc.